The Iron and Steel Company for Mines and Quarries announced robust sales figures for October 2024, achieving a total of EGP 36.7 million. The majority of these revenues stemmed from the Bahariya Oasis mines, which generated EGP 36.26 million, while the Beni Khaled – Samalut quarries contributed approximately EGP 410,000.
This sales performance reflects the company's ongoing commitment to enhancing production and expanding its market presence within Egypt’s mining sector. The positive momentum comes on the heels of a reported net profit of EGP 23.75 million for the third quarter of 2024 (July to September), which, while slightly below the EGP 28.34 million recorded during the same period in 2023, underscores the resilience of the company amidst fluctuating market conditions.
The results demonstrate the effectiveness of strategic initiatives aimed at optimizing operations and meeting increasing market demand, solidifying the company’s position as a key player in Egypt’s mining and steel industry.
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